MoU signing for 0.5Mta Cimenterie Industrielle de Kribi plant

Oscar Minko, managing director of Cimenterie Industrielle de Kribi (Cmikri) Sarl, and the Chinese consortium China National Building Material Co Ltd (Sinoma/Afcham) have signed a memorandum of understanding (MoU) in Yaoundé, for the construction of a cement plant in the Kribi industrial port complex.

Once completed, the average yearly distribution capacity of this plant will be 0.5Mta, expandable to 1.5Mta. The project requires the installation of an 18,000t silo for clinker and a 4000t silo for cement as well as sanitary and electrical installations. The overall cost of this investment is XAF35.5bn (US$60m).

The 'maturation phase' of the project runs from October 2019 to April 2020, while the construction and production phases are respectively scheduled to start in August 2020 and February 2022.

Meanwhile, another Cameroonian company, The Engineering Construction Manufacturing and Trading Sarl, also intends to build a 0.5Mta cement plant in Kribi.